Guangzhou Anyka Microelectronics Co (SHSE:688620) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Guangzhou Anyka Microelectronics Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Guangzhou Anyka Microelectronics Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Guangzhou Anyka Microelectronics Co's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.00). It may suggest that Guangzhou Anyka Microelectronics Co is progressively becoming less dependent on debt to grow their business.

Guangzhou Anyka Microelectronics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangzhou Anyka Microelectronics Co's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Guangzhou Anyka Microelectronics Co LT-Debt-to-Total-Asset Chart

Guangzhou Anyka Microelectronics Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.09

0.07

0.06

0.05

Guangzhou Anyka Microelectronics Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.05	0.02	-	-	-

Guangzhou Anyka Microelectronics Co LT-Debt-to-Total-Asset Calculation

Guangzhou Anyka Microelectronics Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1.583	/	1669.204
	=	0.00

Guangzhou Anyka Microelectronics Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1.286	/	1722.381
	=	0.00

Guangzhou Anyka Microelectronics Co (SHSE:688620) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Guangzhou Anyka Microelectronics Co LT-Debt-to-Total-Asset Related Terms

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Guangzhou Anyka Microelectronics Co (SHSE:688620) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Guangzhou Anyka Microelectronics Co Ltd (SHSE:688620) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 107, Bowen Road, Anyka H Building, Huangpu, Guangdong, Guangzhou, CHN, 510555

Website

http://www.anyka.com

Guangzhou Anyka Microelectronics Co Ltd is engaged in research & development, design, final testing and sales of IoT smart hardware core SoC chips. It is a leading fabless IC design house that designs and sells the core ICs for IoT (Internet of Things) intelligent hardware. The major products include high definition H.264/H.265 encoder SoC ICs for the IoT camera, Bluetooth (2.0/4.2) SoC ICs for speaker/headset, etc., as well as the application processor (AP) ICs for biometric authentication (e.g. fingerprint/face recognition lock or access control device), smart home, education product, etc.

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